full transcript

From the Ted Talk by Michael Metcalfe: We need money for aid. So let’s print it.


Unscramble the Blue Letters


Before the crisis, this would have been ueltrty unthinkable, yet it was accepted remarkably quickly. The price of gold, an aesst thought to protect against inlotfian, did jump, but inevstors bought other assets that offered little petrctoion from inflation. They bought fixed income securities, bonds. They bought equities too. For all the scare stories, the autacl actions of investors spoke of rapid acceptance and confidence.

That confidence was based on two pillars. The first was that, after years of keeping inflation under control, central banks were trusted to take the money-printing away if inflation became a threat. Secondly, inflation smlipy never became a threat. As you can see, in the United States, inflation for most of this period riemnaed below average. It was the same elsewhere.

Open Cloze


Before the crisis, this would have been _______ unthinkable, yet it was accepted remarkably quickly. The price of gold, an _____ thought to protect against _________, did jump, but _________ bought other assets that offered little __________ from inflation. They bought fixed income securities, bonds. They bought equities too. For all the scare stories, the ______ actions of investors spoke of rapid acceptance and confidence.

That confidence was based on two pillars. The first was that, after years of keeping inflation under control, central banks were trusted to take the money-printing away if inflation became a threat. Secondly, inflation ______ never became a threat. As you can see, in the United States, inflation for most of this period ________ below average. It was the same elsewhere.

Solution


  1. simply
  2. protection
  3. remained
  4. utterly
  5. investors
  6. inflation
  7. asset
  8. actual

Original Text


Before the crisis, this would have been utterly unthinkable, yet it was accepted remarkably quickly. The price of gold, an asset thought to protect against inflation, did jump, but investors bought other assets that offered little protection from inflation. They bought fixed income securities, bonds. They bought equities too. For all the scare stories, the actual actions of investors spoke of rapid acceptance and confidence.

That confidence was based on two pillars. The first was that, after years of keeping inflation under control, central banks were trusted to take the money-printing away if inflation became a threat. Secondly, inflation simply never became a threat. As you can see, in the United States, inflation for most of this period remained below average. It was the same elsewhere.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
central banks 5
aid payments 4
international aid 3
financial crisis 2
print money 2
overseas aid 2
national income 2
central bank 2
print aid 2
money creation 2
case today 2

ngrams of length 3

collocation frequency
overseas aid payments 2


Important Words


  1. acceptance
  2. accepted
  3. actions
  4. actual
  5. asset
  6. assets
  7. average
  8. banks
  9. based
  10. bonds
  11. bought
  12. central
  13. confidence
  14. control
  15. crisis
  16. equities
  17. fixed
  18. gold
  19. income
  20. inflation
  21. investors
  22. jump
  23. keeping
  24. offered
  25. period
  26. pillars
  27. price
  28. protect
  29. protection
  30. quickly
  31. rapid
  32. remained
  33. remarkably
  34. scare
  35. securities
  36. simply
  37. spoke
  38. states
  39. stories
  40. thought
  41. threat
  42. trusted
  43. united
  44. unthinkable
  45. utterly
  46. years